HADLEY'S BANKRUPTCY.

Auckland Star, Volume LV, Issue 107, 7 May 1924, Page 7

HADLEY'S BANKRUPTCY.

REALISATION* OF ASSETS. Creditors in the bankrupt estate of Percy Hadlev, mining engineer, and comI pany promoter, met at the Official As- | signee's office this morning, and the I realisation of bankrupt';; estate was ad- ] vanopd a further stage. I The Official Assignee, Mr. Fisher, re- ' ported that 15 shares in the Taranaki Oil development Company held by bankrupt had been disposed of for £48, and he had in hand the sum of £720. A creditor, commenting on this sale ' mentioned that he had been authorita lively informed that a buyer was pre . pared to offer £125 for eacli of the five . shares, but was nut aware that the sak i was proceeding. j Certain other of the bankrupfs asset: ' were then discussed.J A sporting offer cf £47 was made bj I a creditor for the office furniture, valued lat that amount, and this was accepted ' In connection with a collection oi j pictures, valued at £200 by bankrupt. 'and at £oi by an art expert, anot'ier j creditor offered the latter sum, subject to an inspectionAnother creditor suggested that some of the other creditors might like to make an offer. Mr. Fisher: For old associations sake. '. TM* , matter was left with the Official . Ae-krnee to decide. Bankrupt's interest in other oil rte- • velopmnnt companies was also discussed. ■md the Official Assignee was entrusted with their disposal, the creditors to ' consider any reasonable offer.